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SenecaOne Finance Names Don Patrick As Chief Executive Officer

BETHESDA, Md., Oct. 23, 2014 (GLOBE NEWSWIRE) -- SenecaOne Finance Inc., a specialty finance company that focuses on structured settlements and lottery annuities, has named Don Patrick as its new CEO. Brian Javadpour, the company founder and current CEO, will assume the role of Executive Chairman of the Board and guide strategic planning to expand the company's product offerings.

"Since joining our leadership team in early 2014, Don has been instrumental in reinforcing SenecaOne's leadership position in the lottery and structured settlement industries. Based on his experience and knowledge of the financial services landscape, Don is the ideal choice to take on the role of CEO as we continue to strengthen our value proposition in our current offerings, explore growth opportunities and continue to enhance value for SenecaOne's clients and employees," said Javadpour.

Prior to joining SenecaOne, Patrick spent the majority of his career at Merkle, where he served as both chief financial officer and chief operating officer. Other key leadership positions include his service as president of Infogroup Targeting Solutions, senior vice president of managed services at Alterian and vice president at JP Morgan. Patrick earned his master's degree in finance and international business from the University of Chicago and an undergraduate degree from St. Lawrence University.

"SenecaOne plays a valuable role as a high service provider for clients seeking the best financial options for handling lottery payments and structured settlements. Our solutions approach to serving these individuals already sets new standards for the rest of our industry, and we are in a unique position to continue to innovate new products and services for our clients," said Patrick.

In addition to Patrick's promotion, SenecaOne has named Mike Croxson as Vice Chairman of the Board. Croxson will continue to serve as president of SenecaOne, but take on additional responsibilities with the company's board of directors and lead external initiatives with key stakeholders.

SenecaOne provides a range of specialty finance services for customers throughout the United States. Founded in 2002, SenecaOne is the largest provider of transactions for lottery winners and one of the largest companies for structured settlement transactions. The company is an active participant in industry organizations that ensure high standards for consumer service and transparency.

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CONTACT: Michelle Rash RLF Communications 336-823-5501 mrash@rlfcommunications.com

Source: SenecaOne